Mumbai: Industrialist Rahul Bajaj on Thursday welcomed the relatively lenient twoyear jail term which a US court awarded to former McKinsey head Rajat Gupta for insider trading. "Under the American law, there was no way his request for community service without going to jail (would have been accepted). We knew...

Rajat Gupta, a former Goldman Sachs and Procter & Gamble Company board member, was sentenced on Wednesday to two years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend.
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New York: US District Court Judge Jed Rakoff, who sentenced Rajat Gupta, the former Goldman Sachs and Procter & Gamble Co. board member once widely respected worldwide for his business smarts, to two years in prison and also ordered him to pay a $5 million fine, on multiple occasions gave...

New York: The jury, which convicted one of the most prominent IndianAmericans in the US Rajat Gupta of securities fraud, said it wanted him to walk a free man after the trial, but the evidence against him and his "need for greed" was just too "overwhelming".
Former Goldman Sachs director Gupta,...

New York: Evidence of insider trading against businessman Rajat Gupta is "overwhelming," a prosecutor told jurors at the trial's close on Wednesday, while a defence lawyer countered that the government had a weak, circumstantial case without direct proof.
In one of the US government's biggest insider trading prosecutions in recent years,...

New York: Barely a day went by at the insidertrading trial of multimillionaire hedgefund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles.
On Monday in the same federal court in New York, it will be Gupta's turn to go on...

New York: Just five days before he was due to start his 11year jail term for insider trading, hedge fund founder Raj Rajaratnam's lawyers made a last ditch effort to keep him out of jail, asking a US court to let him be free on bail while he appeals his...

Mumbai: Before Indra Nooyi became CEO of PepsiCo Inc or Vikram Pandit took the reins at Citigroup Inc there was Rajat Gupta, the original "global Indian" who was the first to head a major Western business.
More than 17 years after first being elected head of McKinsey & Co, the management...

New York: Rajat Gupta, who pleaded not guilty to charges of securities fraud and that he passed insider information to his billionaire friend Raj Rajaratnam while he was director at Goldman Sachs and Procter & Gamble, was released on Wednesday on a $10 million bond.
The 62yearold Indian American had entered...